Binance’s stablecoin reserves have dropped to $41.6 billion, a one-year low, after $6.3 billion left the exchange since April. The drain is market-wide, and it is starving crypto rallies of fresh buying power.

[u/elfr1tz]

https://beincrypto.com/bitcoin-losing-steam-on-chain-data/

[u/sigh_duck]

Weak take. Stables now have amazing on chain options and also ETFs in tradfi.

[u/boringpretty]

stablecoin balances on one exchange are a rough gauge at best, since money can just move to other exchanges or sit in wallets. i would treat it as one input next to volume and funding instead of a standalone signal.